Pebblebrook Hotel Trust (NYSE:PEB) Receives $35.64 Consensus Price Target from Analysts

Pebblebrook Hotel Trust (NYSE:PEB) has been given a consensus recommendation of “Hold” by the fifteen research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $35.64.

A number of equities analysts have recently weighed in on the stock. Bank of America lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $29.00 in a research report on Wednesday, July 17th. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Wells Fargo & Co restated a “hold” rating on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 23rd. Capital One Financial initiated coverage on shares of Pebblebrook Hotel Trust in a report on Tuesday, June 25th. They issued an “overweight” rating and a $35.00 target price for the company. Finally, BTIG Research lowered their target price on shares of Pebblebrook Hotel Trust from $42.50 to $35.00 and set a “buy” rating for the company in a report on Thursday, June 27th. They noted that the move was a valuation call.

PEB traded down $0.77 during midday trading on Wednesday, reaching $26.42. 534,071 shares of the company’s stock were exchanged, compared to its average volume of 1,138,371. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65. The firm has a market cap of $3.49 billion, a PE ratio of 10.78, a PEG ratio of 2.04 and a beta of 1.34. The company’s 50-day moving average price is $27.51. Pebblebrook Hotel Trust has a 1-year low of $25.64 and a 1-year high of $39.40.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $442.08 million during the quarter, compared to analyst estimates of $435.37 million. Pebblebrook Hotel Trust had a negative net margin of 0.25% and a negative return on equity of 0.10%. The company’s revenue was up 114.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 earnings per share. Equities analysts predict that Pebblebrook Hotel Trust will post 2.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.52 annualized dividend and a yield of 5.75%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 62.04%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dupont Capital Management Corp acquired a new position in shares of Pebblebrook Hotel Trust during the second quarter worth $37,000. Pearl River Capital LLC acquired a new stake in Pebblebrook Hotel Trust in the first quarter valued at $40,000. Starr International Co. Inc. acquired a new stake in Pebblebrook Hotel Trust in the first quarter valued at $193,000. Fort Sheridan Advisors LLC acquired a new stake in Pebblebrook Hotel Trust in the first quarter valued at $212,000. Finally, Advisors Asset Management Inc. raised its holdings in Pebblebrook Hotel Trust by 30.4% in the first quarter. Advisors Asset Management Inc. now owns 6,958 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 1,621 shares in the last quarter.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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